Shorter term today, the E-Mini has been consolidating in a range last week and is now due to break out of its range. weekly support is now at 1509 and a break below 1509 is needed to show more weakness and begin to confirm a reversal back down is underway again. If the 1509 weekly level continues to hold, there may be more upside. Weekly resistance is now at 1526, just above last week's high. We will find out soon !
Inverse h&s is only confirmed if there is movement back up. 146 seems more likely. We may not reach 156 in years if there is a failure to breach 151 after a pullback to 146. If we hit 156, I expect a major correction to be triggered.